Business conditions begin to claw back: Pete Wargent

Business conditions begin to claw back: Pete Wargent
Business conditions begin to claw back: Pete Wargent

EXPERT OBSERVER

There was a significant rebound in business confidence and conditions in May, albeit they still, of course, remain at historically weak levels:
 
Business confidence jumped 20 points higher, but is still in negative territory, while business conditions improved by 10 points over the month. 
 
Via the NAB Survey, Click to enlarge:


Source: NAB Survey

Well, it's a decent start, as restrictions are eased.
 
There have been some spectacular results for Australia in respect of COVID-19 today, with only two new confirmed cases, with two cases remaining in ICU:

 
Both of the new confirmed cases were returned overseas travellers, held in New South Wales quarantine:


New Zealand is also now officially COVID-19 free.

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

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Property market Property Prices

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